SFGTV2: San Francisco Government Television
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Mar 18, 2013
03/13
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we know very well that you have very high taxes and you have very high parking fees. could you talk about who and how you maintain your infrastructure and the streets? is that just a given, you decide to build something and somebody maintains it, or is there an agreement with another department to maintain it? >> the authorities in amsterdam, the infrastructure and transport department and municipalities, they financed it, they planned it, they build it, construct it, and they maintain it. i think that is the logical route. and is paid by the community's -- and is paid by the communit ies, and also from the state department. [inaudible] >> in the netherlands, if a road is really bad they will fix it. >> ok, there is a question in the back. >> our director of public works was in the back. he has a real problem here. maintenance is a huge bill. we do not have the wherewithal to maintain what we have. putting in new facilities increases the cost. then when you bring in different types of facilities -- >> we see a lot of the european- style traffic patterns with intricate
we know very well that you have very high taxes and you have very high parking fees. could you talk about who and how you maintain your infrastructure and the streets? is that just a given, you decide to build something and somebody maintains it, or is there an agreement with another department to maintain it? >> the authorities in amsterdam, the infrastructure and transport department and municipalities, they financed it, they planned it, they build it, construct it, and they maintain...
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Mar 21, 2013
03/13
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room tax. we call it the accommodations tax, but, potentially, the numbers are twice as big. the on line travel companies have wanted the trial court on that issue, but both the state and the online travel companies are going to be appealing the trial court's decision so we don't know how either of the outcomes will look, but right now, at least, there's a $230 million bill that's about to be sent to the on line travel company. tracy: like amazon story where they couldn't -- no one could call their main office, so to speak,,home, so no one knew where to charge tax. they come down on amazon too. it's no surprise they are coming county on this, are we? >> it's no surprise at all, and especially in this situation. you got an industry that didn't really exist when the taxing statutes were enacted, and so the taxing statutes have terms like travel agency, and that doesn't really fit and hotel operators doesn't fit so you got a taxing statute that has not really kept up with the development of techno
room tax. we call it the accommodations tax, but, potentially, the numbers are twice as big. the on line travel companies have wanted the trial court on that issue, but both the state and the online travel companies are going to be appealing the trial court's decision so we don't know how either of the outcomes will look, but right now, at least, there's a $230 million bill that's about to be sent to the on line travel company. tracy: like amazon story where they couldn't -- no one could call...
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Mar 18, 2013
03/13
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40% of all individuals tax returns. it is a hugely popular deduction for money i mayans of homeownery year. it could be changing in a big way which might have a big impact on the housing industry. he was more details on what you need to know is former fannie mae executive vice president institute fellow. welcome to the show. this is having a huge impact on housing industry, wouldn't it? >> of it were done right, and wouldn't have a huge impact, to be a beneficial. this deduction is outlived usefulness. literally 100 years, so the value of it has declined and declined and declined year-over-year. use the money that you saved to reduce marginal impact bracket which would be positive. melissa: the devil is in that last detail you mentioned, what we really use eliminating it to lower marginal rates or would it be another thing that is sucked out to pay higher taxes. let's talk about how their talk about doing it in with the best way to do it would be, it wouldn't be so destructive to the market. the deduction is up $2 milli
40% of all individuals tax returns. it is a hugely popular deduction for money i mayans of homeownery year. it could be changing in a big way which might have a big impact on the housing industry. he was more details on what you need to know is former fannie mae executive vice president institute fellow. welcome to the show. this is having a huge impact on housing industry, wouldn't it? >> of it were done right, and wouldn't have a huge impact, to be a beneficial. this deduction is...
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Mar 14, 2013
03/13
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FOXNEWSW
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the democrats say now that, yes, we must have tax hikes, or tax something -- tax revenue, and we must have spending cuts. and that's unusual -- >> neil: but they're quicker at identifying the tax hikes than the spending cuts, and when it comes to republicans, what they offer on spending cuts of their own, don't address defense. although paul ryan has entertained caps. >> people watching the show should realize our deficits grow in both plans, and ryan's plan is for progrowth. but both sides okay with the spending and both sides -- democrats-saying something about taxes. but there's $100 billion in there for a new stimulus plan, which i don't know how well that's going to fly. and then ryan keeping in the notion of appealing obamacare has to -- >> move on. >> that's not going to work at least for the next four years. so you keep it in there, maybe it's something you give up during negotiations. i think people watching the show should feel more hopeful, but to your point, the chasm, we're so far away from a deal, something i wouldn't bet on. >> neil: democrats claim their budget will sl
the democrats say now that, yes, we must have tax hikes, or tax something -- tax revenue, and we must have spending cuts. and that's unusual -- >> neil: but they're quicker at identifying the tax hikes than the spending cuts, and when it comes to republicans, what they offer on spending cuts of their own, don't address defense. although paul ryan has entertained caps. >> people watching the show should realize our deficits grow in both plans, and ryan's plan is for progrowth. but...
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Mar 21, 2013
03/13
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a 10% tax on u.s. deposits would yield a trillion dollars. i'm afraid some nutty budget tear in the washington will come up with the idea. >> good point. >> and scare the day lights out of everybody for no good reason. >> they're already talking about that, look they're already talking about a transaction tax. there is a lot of buzz about that. they will not put a 10% tax on but i wouldn't rule it out. >> i would rule it out. melissa: what about the transaction tax? that takes us down the same road. they're talking about the consumer financial protection bureau having oversight of 401. cans so they can protect us from ourselves, i don't know. >> well, look, i mean people in washington are not known for their great decision-making skills but i don't think that they would go so far as to actually tax deposits. i think there -- >> it is important to make a distinction between actually doing it and having something propose it. they're not going to do it because we'll see a run on the banks if they try it. >> i don't think they will propose it. >>
a 10% tax on u.s. deposits would yield a trillion dollars. i'm afraid some nutty budget tear in the washington will come up with the idea. >> good point. >> and scare the day lights out of everybody for no good reason. >> they're already talking about that, look they're already talking about a transaction tax. there is a lot of buzz about that. they will not put a 10% tax on but i wouldn't rule it out. >> i would rule it out. melissa: what about the transaction tax? that...
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Mar 15, 2013
03/13
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remember the payroll tax hike and higher taxes on investment income? the financial hit, $317 billion. cadillac tax on high cost insurance plans, another $111 billion for that one. a mandate that employers provide health care or pay a fee, tax on that $106 billion. annual tax on health insurance providers, $102 billion. then there is the individual mandate, $55 billion for that one. we're not done. tax on medical device makers, $29 billion. the list goes on and on. more than 20 new taxes and fees totaling a trillion bucks. that is doubling the estimate just a few years ago. folks, it ain't over. it could send employers over the edge. the real shocker, i talked to a lot of accountants of companies -- they didn't know about this. it's like peeling that onion. >> right. you saw the stack of papers, 20,000 pages of obamacare regulations, it's seven feet, three inches tall, nine inches call of kobe bryant. 66 dollar per person fee. employers are looking at this. it came out this week so it's not something they carefully prepared for. this being more than any
remember the payroll tax hike and higher taxes on investment income? the financial hit, $317 billion. cadillac tax on high cost insurance plans, another $111 billion for that one. a mandate that employers provide health care or pay a fee, tax on that $106 billion. annual tax on health insurance providers, $102 billion. then there is the individual mandate, $55 billion for that one. we're not done. tax on medical device makers, $29 billion. the list goes on and on. more than 20 new taxes and...
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Mar 19, 2013
03/13
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FOXNEWSW
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this is a big deal. >> neil: this was an asset tax. something to which we're not immune here because with the healthcare law, there's the medicare hsu tax on selling real estate and x amount. so we already have that built in. so the -- i'm not saying the next stop is the depositor tox but we do have asset tax. >> absolutely there has been talk about the consumer financial protection bureau taking control and oversight of 401k accounts so they can make sure people aren't being ripped off. if you undermine the whole idea of savings, we already have a nationy we're not saving enough for retirement. all we need to do is undermine our financial system as well and it's just disaster on the way. >> neil: i'm not happy. if you don't watch fox business, she's going to come with her best-selling book and force you to read it. >> a fox news alert. the white house easter egg roll is not at risk. why there is an excess warning we're all about to get scrambled most people think that after an accident, you'll have to pay five hundred bucks for your d
this is a big deal. >> neil: this was an asset tax. something to which we're not immune here because with the healthcare law, there's the medicare hsu tax on selling real estate and x amount. so we already have that built in. so the -- i'm not saying the next stop is the depositor tox but we do have asset tax. >> absolutely there has been talk about the consumer financial protection bureau taking control and oversight of 401k accounts so they can make sure people aren't being ripped...
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Mar 21, 2013
03/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. [chanting] right to work has got to go. >> protesteres are lashing out again but the governor is not backing down at all. michigan's right-to-work laws set to kick in a week from today. republican governor rick snyder is here. governor, good to see you. i was mentioning during the break whether when you see yourself portrayed as satan or the devil. >> it's great to be with you. i feel it's part of democracy. it was hired to do a job by my customers, the citizens of the state of michigan, and i'm doing the right thing. it's about workers rights and it's about bringing more jobs to michigan. so i'm just going to do my job. >> neil: we were talking about the possibility of an errant judge
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. [chanting] right to work has got to go. >> protesteres are lashing out again but the governor is not backing down at all. michigan's right-to-work laws set to...
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Mar 19, 2013
03/13
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FBC
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you know, there are the taxes on assets, tax that are on insurance companies that are getting passed to consumer and you know maybe down the line there will be questionable taxes on savings accounts. you never know what the united states will do. neil: all i know, they are a heck of a lot more ways to be create testify get money than spending, very good points thank you, mike rigs in washington. >> to mike a point, the problem with small nation going after its citizens bank deposits, other bigger nations see how it goes, and markets world over fear all far it goes, which could explain why so many markets were tajin oing tankings thing. joe perry. and -- joe, what do you think? >> i think it is jjst as you said, this has been going on, for a while. and the bigger government gets, the more intrusive it gets it has been in your pockets, my pockets, my banks pockets by depositors pockets, large and small. what is happening now, like a story we use in banking called boiling a frog, you want to bl a frog, if you put him in boiling water he will jump o and complaint, this is what is happeni
you know, there are the taxes on assets, tax that are on insurance companies that are getting passed to consumer and you know maybe down the line there will be questionable taxes on savings accounts. you never know what the united states will do. neil: all i know, they are a heck of a lot more ways to be create testify get money than spending, very good points thank you, mike rigs in washington. >> to mike a point, the problem with small nation going after its citizens bank deposits,...
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officials the plan was intended to make wealthy foreigners who often use cyprus as a tax haven pay for the bailout but the plan would have forced all separate account holders not just the wealthy to pay for the bank's toure's mistakes not surprisingly citizens of all classes took to the streets demanding that their government reject the e.u. bailout their protests worked eventually forcing tuesday's unanimous no vote in the e.u. i.m.f. proposal but the small mediterranean islands banks are still in danger e.u. and cypriot officials are scrambling to come up with an alternative and i'll turn. scheme before banks reopen next tuesday march twenty sixth allen's finance ministry for one as suggested accepting the e.u. bailout on the condition that exempts smaller account holders from the lobby of the european finance ministers like francis pure mosco moscow these have also expressed support for such an exception and at the same time however the cypriot government is also exploring a bailout plan with russia which is not part of the e.u. any agreement with russia would likely include access
officials the plan was intended to make wealthy foreigners who often use cyprus as a tax haven pay for the bailout but the plan would have forced all separate account holders not just the wealthy to pay for the bank's toure's mistakes not surprisingly citizens of all classes took to the streets demanding that their government reject the e.u. bailout their protests worked eventually forcing tuesday's unanimous no vote in the e.u. i.m.f. proposal but the small mediterranean islands banks are...
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Mar 18, 2013
03/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >> neil: at it time for our latest edition of "they say, we check." >> year going to mapping our way through this by identifying the lowe's risk detainees and putting them into alternative -- >> sorry, janet, not true. we checked on that. >> several hundred related to sequester but not thousands. >> neil: also not tr
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe?...
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Mar 15, 2013
03/13
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you know, a tax is a gambling license. i know it is half a million dollars to get a license in nevada. is that as the barrier to entry? >> we don't think it is a steel barrier to entry. what that is is for the resort casino that obtains the license. the other entities that command don't have to pay that. so the only fees that have to be paid by the operators, the casino resort and then the manufacturers or distributors which is a little bit less, that's it right now. our tax remains just as it is for land-baseddcasinos, six and three-quarters percent. melissa: do you think it would make sense to make that even lower to give more people into the game? at least a first? >> well, we have a significant amount of market entrance right now. we have done over 13 licenses for the major operators, and those are the major players. i think what we have seen come anyone and everyone who will come into the market as far as the dtb your beach uc provider and operator. melissa: so would you say the people of getting involved? what is the
you know, a tax is a gambling license. i know it is half a million dollars to get a license in nevada. is that as the barrier to entry? >> we don't think it is a steel barrier to entry. what that is is for the resort casino that obtains the license. the other entities that command don't have to pay that. so the only fees that have to be paid by the operators, the casino resort and then the manufacturers or distributors which is a little bit less, that's it right now. our tax remains just...
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Mar 19, 2013
03/13
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they paid their tax in full and on time legally, but now the state wants back taxes interest and penalties for five years. >> this notice was the first i heard of it. >> to brian overstreet it felt like a punch in the gut, compliments of california, a six-figure bill for back taxes. >> that is what is moat owes rage just about this situation. it is five-year look back and interest on money you had no idea you even owed. >> overstreet and hundreds like him got a letter from the state, due to a court ruling a 50% tax break for small business and startup investors was no longer available. anyone who claimed it in the last five years had to pay up. >> retroactivity is issue of fairness and credibility for california. >> even california's tax leaders say what the state is it doing is unfair, overreacting and overreaching, hoping to claw back some $120 million for cash-strapped california. >> problem right now we have what is the revenue is identified those folks up in sacramento will figure out how to spend it already. >> pro-business lawmakers are trying to rescind the letter, fearing high-tec
they paid their tax in full and on time legally, but now the state wants back taxes interest and penalties for five years. >> this notice was the first i heard of it. >> to brian overstreet it felt like a punch in the gut, compliments of california, a six-figure bill for back taxes. >> that is what is moat owes rage just about this situation. it is five-year look back and interest on money you had no idea you even owed. >> overstreet and hundreds like him got a letter...
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Mar 18, 2013
03/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. theengineered with aeel-drive unique drive system and dual transmission. all-wheel traction. all-wheel power. all done. only from husqvarna. challenge the impossible. ♪ liz: time for a quick speed read if some of the day's other headlines. five stories, one minute. president obama nominating thomas preston and the secretary of labor. currently in the civil rights division of the justice department. airbus and indonesia lie in their filing a $24 billion contract. the aircraft maker's biggest deal ever. the remains for 234 planes. the first deliveries scheduled for next year. panasonic reportedly exiting plasma tv production in health care businesses to become more cost-efficient. the
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. theengineered with aeel-drive unique drive system and dual transmission. all-wheel traction. all-wheel power. all done. only from husqvarna. challenge the impossible....
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Mar 21, 2013
03/13
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low cost and tax efficient. find out why nine out of ten large professional invtors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks,harges and expenses. . ... m. . ... . .. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ cheryl: a down day for everyone. all the major averages all on track at this point to finish the week in the red. first to the dow. it is on track for its first down week in five weeks of trading. then the s&p 500 is on track to snap a three-week winning
low cost and tax efficient. find out why nine out of ten large professional invtors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks,harges and expenses. . ... m. . ... . .. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain...
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Mar 18, 2013
03/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk inclus possible loss of principal. ...amea... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. that was the only thing left of the house. the only thing. red cross helped us and t
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk inclus possible loss of principal. ...amea... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta...
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Mar 16, 2013
03/13
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the premium tax was in exchange for the business supposedly they would get. the device tax, people buy more devices, but dig into that, you find out that many of the small device manufacturers are not going to see the business change at all because of the affordable care act. same true for insurers, and, in this case, it is very unlikely that you will find the high cost patients who were excluded from the insurance pool in an employer sponsored product, and the fee's not going to match that at all. >> all right. i have to get you to an economic question. among your many talents, you're an economist. today, we got a big disappointment with the consumer confidence number that surprised people, not expecting it. we expected a better result. it drove the stock market down. what's going on here? >> i'm concerned about that. if you remember back in the fourth quarter of 2012, consumer confidence was high, business confidence low. that diversion can't persist, and the hope was it would come up, match, and have a sustained rally. it is troubling. consumer confidence
the premium tax was in exchange for the business supposedly they would get. the device tax, people buy more devices, but dig into that, you find out that many of the small device manufacturers are not going to see the business change at all because of the affordable care act. same true for insurers, and, in this case, it is very unlikely that you will find the high cost patients who were excluded from the insurance pool in an employer sponsored product, and the fee's not going to match that at...
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Mar 14, 2013
03/13
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there is a distinction between tax avoidance and tax evasion. most of the federal employees, was looking at the numbers, they did file their tax return. they are not trying to evade taxes. so, you know, sometimes there is an honest disagreement, which was the case. so let's be a little bit careful melissa: to me, it always shows me how disorganize the government is. the largest group of workers were from the post office. there were not up-to-date on their taxes. wondering, while one hand as panama can't the other hand, and and garnish their wages, even a little bit to pay the taxes? >> and this is a top down problem. we have a treasury secretary you had back taxes as well and no one seems to be very concerned about. this is a big issue that does not just extends to a certain group of federal workers. i think the interesting thing is that federal employees are by and large paid much more than their private-sector counterparts. the question is to wire we seeing the taxes owed to the government coming back in? think you're right. a lot of abuse of
there is a distinction between tax avoidance and tax evasion. most of the federal employees, was looking at the numbers, they did file their tax return. they are not trying to evade taxes. so, you know, sometimes there is an honest disagreement, which was the case. so let's be a little bit careful melissa: to me, it always shows me how disorganize the government is. the largest group of workers were from the post office. there were not up-to-date on their taxes. wondering, while one hand as...
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Mar 20, 2013
03/13
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this is just a new tax law. a court ruling that overturned this tax credit in the law, but instead of moving forward now with that new law in place, california state government decides to go back to try to reach the taxes from business owners who had no idea they had this liabilitiy, that is a first problem. the second problem, is this the new trend in state taxes? will we start seeing the cash strapped states pick up on this. and they will weed taxpayers in the fiscal year but from before as well. neil: craig, this is a concern. if others get a cue from this watch out. >> california is a trendsetter. as a small business owner, my other friends who are small business oers we've been hit with 5 to over 100,000-dollars in fourth quarter of last year in retro active tax, that is job, and investment money and a downer on christmas. now a new one that bureaucrats at franchise tax board are making a decision, it is politicians that are out of control, california is worst with highest tax state, the highest sales tax s
this is just a new tax law. a court ruling that overturned this tax credit in the law, but instead of moving forward now with that new law in place, california state government decides to go back to try to reach the taxes from business owners who had no idea they had this liabilitiy, that is a first problem. the second problem, is this the new trend in state taxes? will we start seeing the cash strapped states pick up on this. and they will weed taxpayers in the fiscal year but from before as...
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Mar 17, 2013
03/13
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i have seen a lot of tax protestors and they do put them in prison when they don't pay their taxes. yes, people go to jail. i'll let you fight the battle first. thanks to everybody that contacted the show. keep your comments coming in. tom sullivan show, we're open for business 24/7. check out our facebook page, and then tom sullivan show. there is a lot of tom sullivan show, you can follow me on twitter at sullivan radio and all the things to contact us on the web my main webpage which is tomsullivan.com. thanks for joining us. make sure to tune in to the radio show. listen in through our fox news radio app. download it from itunes. you can hear us online by clicking live button on my main website. we or radio every day from 3:00 to 6:00 p.m. eastern time. we'll have another great show weekends. "the willis" report is coming up next. gerri: hello, i'm gerri willis live from the at atlantic city. tonight, new obamacare fees catching employers by surprise. what's in store for your company and why so many firms are fuming. also, it's a whale of a problem for j pmorgan, be did the bank
i have seen a lot of tax protestors and they do put them in prison when they don't pay their taxes. yes, people go to jail. i'll let you fight the battle first. thanks to everybody that contacted the show. keep your comments coming in. tom sullivan show, we're open for business 24/7. check out our facebook page, and then tom sullivan show. there is a lot of tom sullivan show, you can follow me on twitter at sullivan radio and all the things to contact us on the web my main webpage which is...
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Mar 20, 2013
03/13
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it's the right thing to do. >> neil: we raised taxes. >> i didn't say raise taxes, i said close loopholes. republicans call closing loopholes raising taxes because it's the rich that have unfair practice. >> neil: have you filled out your brackets? yes or no. have you filled out your brackets? >> no, i haven't done that. i'm going to leave that to the president. he may be late on that too. >> neil: i'm sorry. thank you very much. >> thank you, neil. >> neil: do you remember this? an interview i said senator paul and senator cruz were whacko birds. that's inappropriate and i apologize to them for saying that. >> neil: after that, senator cruz accepted that apology. is senator rand paul about to do the same? and as nevada mourns the death of seven marines, did their senator blame the sequester? meet the military commander telling harry to say i'm sorry. [ male announcer ] it's relobster's lobsterfest our largest selection of lobster erees, like lobster lover's dream or new grilledobster and lobster tacos. come in now and sea food differently. visit redlobster.com now for an exclusive $10 co
it's the right thing to do. >> neil: we raised taxes. >> i didn't say raise taxes, i said close loopholes. republicans call closing loopholes raising taxes because it's the rich that have unfair practice. >> neil: have you filled out your brackets? yes or no. have you filled out your brackets? >> no, i haven't done that. i'm going to leave that to the president. he may be late on that too. >> neil: i'm sorry. thank you very much. >> thank you, neil. >>...
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Mar 14, 2013
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which generally includes more right of center causes as opposed to left-of-center causes like lower taxes. i can tell you, is something fascinating. you don't really see these companies advocating right of center social. cheryl: it is surprising. thank you very much. all right. you will be around tomorrow for the business of adult entertainment. great. >> reporter: i might have a story. i'm not kidding. cheryl: we will take a quick break. when we come back we will be talking about believe it or not film. one man -- i mean, sundance this kind of the premier film festival. could this whole thing go on line eventually? they're not hosting a lot of movies treated by independent film makers on a pay to play platform. we will speak exclusively to the ceo. his business, hollywood business. he's coming up after the break. ♪ investor. yeah, i'm a serious investor but i'm a busy guy. itsed to be easier but now there are more choices than ever. i want to know exactly what i am investing in. i want to know exactly how much i'm paying. i want to use the same stuff the big guys use. find out why nine
which generally includes more right of center causes as opposed to left-of-center causes like lower taxes. i can tell you, is something fascinating. you don't really see these companies advocating right of center social. cheryl: it is surprising. thank you very much. all right. you will be around tomorrow for the business of adult entertainment. great. >> reporter: i might have a story. i'm not kidding. cheryl: we will take a quick break. when we come back we will be talking about believe...
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Mar 15, 2013
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they talk about americans and payroll taxes on the rise. year to date, aeropostale is outperforming abercrombie. we all know the teenagers are very cynical. the big picture here is a weak forecast here and a week stock. charles: the tide continues to turn for president obama. his job approval rating is now at 50%. the public trust the president on the economy is neck and neck with the gop. when nancy pelosi was pressed on the president political motives, she had something weird to say. >> i don't think he has ever done anything for political reasons. [ laughter ] >> i think the point of him making that point if he does not want other people to attribute any motivation to what he was doing. i think he has been as bipartisan as any as i have seen. charles: i have to tell you something caught the first time the president ran, i think the public viewed him as a non-politician. i think he has been proven to be nothing but a politician from day one. >> she lost speakership over it. it was not done for political reasons. if it had, we never would
they talk about americans and payroll taxes on the rise. year to date, aeropostale is outperforming abercrombie. we all know the teenagers are very cynical. the big picture here is a weak forecast here and a week stock. charles: the tide continues to turn for president obama. his job approval rating is now at 50%. the public trust the president on the economy is neck and neck with the gop. when nancy pelosi was pressed on the president political motives, she had something weird to say. >>...
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Mar 19, 2013
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low st and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, chaes and expenses. read and consider it carefully before investing. risk incdes possible loss of principal. you ow it can be hard to lbreathe, and how that feels.e, copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva ishe only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiva. discuss all medicines you take, even eye drops. stop taking iriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue
low st and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, chaes and expenses. read and consider it carefully before investing. risk incdes possible loss of principal. you ow it can be hard to lbreathe, and how that feels.e, copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open...
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Mar 21, 2013
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for school superintendents funded by your taxes. a fox investigation finds school superintendents are not just among the highest paid government workers in the country, but they increasingly get six figure pay and half million range, and it's ten times what teachers get. we found in a dozen states, school school superintendents paid more than what gvernors are paid to run the state including new york, new jersey, california, ohio, illinois, and washington state. we also found that four out of ten new york school superintendents get 200,000 annually, more than the pay for the governor quo moe and more than the average of 162,000. two school superintendents in new york made half a million bucks overseeing seven schools each. the governor joked about that. you know, i'd apply for that job, and now, gerri, there's little oversight of school superintendents' pay, and they are calling themselves ceos. in fact, shools now routinely use corporate pay models for school superintendents' pay getting free cars, free cell phones, money for colle
for school superintendents funded by your taxes. a fox investigation finds school superintendents are not just among the highest paid government workers in the country, but they increasingly get six figure pay and half million range, and it's ten times what teachers get. we found in a dozen states, school school superintendents paid more than what gvernors are paid to run the state including new york, new jersey, california, ohio, illinois, and washington state. we also found that four out of...
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Mar 16, 2013
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you will get less tax revenue when the economy is smaller. this is something that the market understands. they want to see the economy grow. less in the future is better for the economy and markets. neil: that would mean no that if we are continuing on this trend, everything that the markets are celebrating right now, slobby sequestration, whenever you want to call it could be short-lived and there could be problems. what do you see happening? >> well, i think rand paul messages effective not only for the markets, but for the economy and the country at large because he is making a connection between economic liberty and prosperity. he understands that does look to the 20th-century. always the most prosperous countries are always the most free. and the message of essentially constitutionality, individual rights, that is tremendously bullish for the market. bullish for the economy. hitting the nail on the head. the fact that everything investors are seeing that we had a sequestered. this guy did not fall. there is still more work to be done in
you will get less tax revenue when the economy is smaller. this is something that the market understands. they want to see the economy grow. less in the future is better for the economy and markets. neil: that would mean no that if we are continuing on this trend, everything that the markets are celebrating right now, slobby sequestration, whenever you want to call it could be short-lived and there could be problems. what do you see happening? >> well, i think rand paul messages effective...
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Mar 19, 2013
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. and apply online. ♪ your finances can't manage themselves, but that doesn't mean they won't try. bring all your finances together with the help of the one person who can, a certified financial planner professional. cfp -- let's make a plan. >> the white house sent out a memo saying the easter egg roll may be canceled because of the cuts. for 134 years, children rolled eggs down the white house lawn and celebrated a christian festival at
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with...
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Mar 18, 2013
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a vote that would tax deposits. they will vote tomorrow. this is an attempt to save the country from vagrancy. the dow is down. oz, the great and powerful one the box office. the movie a sequel to the wizard of oz. i got it. it is a prequel. back in a second. ♪ thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. stuart: i have some breaking news on the cyprus situation. the banks there will remain closed until thursday. will there be a run on the banks? we do know that europeans are saying they will have enough money in the banks at that time so if you want to get the money out you can. charles will catch up on a beauty retailer. charles: ulta. they beat the street, but the guidance was a little so-so.
a vote that would tax deposits. they will vote tomorrow. this is an attempt to save the country from vagrancy. the dow is down. oz, the great and powerful one the box office. the movie a sequel to the wizard of oz. i got it. it is a prequel. back in a second. ♪ thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand...
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says of the may be no alternative to pos in the tax. because the crisis in greece is mainly to blame for what's happening in cyprus now because the good sense cypriot banks have been exposed to to greece. to the european union is already trying to say agrees the ready has had three bailout operations and is still in the middle of it so there's not much greece can do anymore and the only thing we can do is to try to save cyprus which is already the fifth bailout operation and of course there's also a limit to the patients are the taxpayers in germany the netherlands and finland because finally these are the people who have to guarantee their loans to cyprus and that beijing is now is limited so i think it was. it was good to have a contribution of the savers in cyprus itself of course in other countries we have a different sort of problems but remember in spain savers already have contributed those people had an interest in the spanish bank bankia lost money some people in other banks had lost money and generally european savers are losi
says of the may be no alternative to pos in the tax. because the crisis in greece is mainly to blame for what's happening in cyprus now because the good sense cypriot banks have been exposed to to greece. to the european union is already trying to say agrees the ready has had three bailout operations and is still in the middle of it so there's not much greece can do anymore and the only thing we can do is to try to save cyprus which is already the fifth bailout operation and of course there's...
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Mar 21, 2013
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there's no income tax, no estate tax, but a lot of peep don't like the heat. i'm just saying, you know, maybe people are looking at this wilbur saying there's a lot of high tax states. california is one of them. new york is one of them. tristate, new york city, new jersey, connecticut area, all high tax states. where do we go? that's what politicians count on. >> my guess is he'll be in the sense to bring in more tax than he will lose. i don't think you're going to have vast outbound migration, but i think the question is, did you break safe with the business community when you promise them the temporary tax, people sported it. i don't know very few people in the business community opposed it the first time because we thought, well, he's doing a good job. he's trying to fix it a lot of things in the state budget. if he needs the temporary cover, give it to him, but now to extend it, that reminds me that federal income tax was supposed to be a temporary tax to pay for world world war i, limited to pay for world war i. neil: you're right. stayed on, didn't it? >
there's no income tax, no estate tax, but a lot of peep don't like the heat. i'm just saying, you know, maybe people are looking at this wilbur saying there's a lot of high tax states. california is one of them. new york is one of them. tristate, new york city, new jersey, connecticut area, all high tax states. where do we go? that's what politicians count on. >> my guess is he'll be in the sense to bring in more tax than he will lose. i don't think you're going to have vast outbound...
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Mar 21, 2013
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. >> and russian tax money. stuart: i was going to ask, this mob they have taken, somehow siphoned money off the russians. when i think of mob i think of prostitution and illegal gambling. in russia, it's siphoning off money. >> yes, you have magnates that don't want irs scrutiny, swiss scrutiny, cyprus is the place to go. it's not just traditional mobsters, there's a nexis in moscow between putin's russia between the officials and corrupt individuals. stuart: go on and say it, is putin pals with the mob? >> you would think he wouldn't mind. if people who are skirting russian taxes, hiding money in cyprus were getting a 10% haircut, you'd think he wouldn't mind, but he's upset and the cypriot foreign minister is grovelling. >> and here you say they're saying they're going to grab some of the mob money, the germans told them to do that. >> that's right, angela merkel saying, eat your vegetables, beyond keynesian, a money grab. and ecb and imf as well all of these bad actors. >> you've got cyprus playing off the r
. >> and russian tax money. stuart: i was going to ask, this mob they have taken, somehow siphoned money off the russians. when i think of mob i think of prostitution and illegal gambling. in russia, it's siphoning off money. >> yes, you have magnates that don't want irs scrutiny, swiss scrutiny, cyprus is the place to go. it's not just traditional mobsters, there's a nexis in moscow between putin's russia between the officials and corrupt individuals. stuart: go on and say it, is...
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Mar 13, 2013
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people that go to taxes. melissa: moving onto sean penn. the haitian government. they are pain to move they are paying to move some people off this golf course. via sean penn. they are giving him a .75 million towards these earthquake victims to move them. >> sean penn is an interesting character. i can't quite figure him out. i will give him credit, he focused on paid attention and they have a lot of problems there. melissa: let's go on to robot cars. the car was developed to help japan's aging population. you think we will be riding around in these one-day? they drive themselves up a little scary. what the thing? >> i like the aspect of it. i can't see myself in a car that small. melissa: that is all the "money" we have for you today. be sure to watch neil cavuto. he's whenever special report. gerri: hello, everyone, i am gerri willis. backlash over the tsa's plan to allow knives on planes. one lawmaker wants to force the agency to back down and he is here tonight. also, obamacare coverage could be more painful than doing your taxes. and covering your assets wit
people that go to taxes. melissa: moving onto sean penn. the haitian government. they are pain to move they are paying to move some people off this golf course. via sean penn. they are giving him a .75 million towards these earthquake victims to move them. >> sean penn is an interesting character. i can't quite figure him out. i will give him credit, he focused on paid attention and they have a lot of problems there. melissa: let's go on to robot cars. the car was developed to help...
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Mar 21, 2013
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they digitize tax returns. why not digitize the entire commerce. adam: when i switched my quicken from pc to mac it wasn't so friendly. i hope they do better job mobile than on the mac. >> there are concerns there. private company, square. not publicly traded. they have partnerships with starbucks with same type of thing. starbucks is big company. square has something. there is not competition there. sandra: user error on adam part's too. there are stocks you are recommending not a straight play on the cashless craze. stocks that have been beaten up like google. you're saying these stocks could actually benefit from this as well? >> wouldn't count out these guys. there is always this rumor that apple would actually use its huge cash pile it has got. want to start an online bank. if you find a way do online banking be capital side of that be 100 billion cash in the bank. one of many rumors people talk about. they are working on google wallet to take existing credit cards and put into google device, the concerns you talk about people walk away with t
they digitize tax returns. why not digitize the entire commerce. adam: when i switched my quicken from pc to mac it wasn't so friendly. i hope they do better job mobile than on the mac. >> there are concerns there. private company, square. not publicly traded. they have partnerships with starbucks with same type of thing. starbucks is big company. square has something. there is not competition there. sandra: user error on adam part's too. there are stocks you are recommending not a...
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Mar 18, 2013
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tax pains. scott from the tax foundation is going to be joining me next as we kick off a week long series on what is sure to be painful. your tax appointment. we'll be right back. friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. bottom of the hour, time for stocks now like every 15 minutes. nicole, you are watching jcpenney, stock is jumping, good news for a change for these guys. >> that's right. don't forget long term jcpenney has been under pressure the last 51 -- 52 weeks, we have -- up 9.5% at 1694 right now. a couple stories the the first is that isi is comments on jcpenney, and while they seem that they were moving forward some serious financial problems, isi had another option saying they should isolate the top 300 locations and convert them into an entity, and that is
tax pains. scott from the tax foundation is going to be joining me next as we kick off a week long series on what is sure to be painful. your tax appointment. we'll be right back. friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. bottom of the hour, time for stocks now like...
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Mar 18, 2013
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you can tax depositors or you could tax the entire country. which would have spread the pain among tax payers. they started to spike on the fear that this could lead to a contagion. we haven't seen bank lines in italy or spain, which was the fear. it certainly raised a lot of concerns. >> let's also bring in steve leaseman and rick santelli for more reaction. why don't you start off with your views with what you're hearing from people there when you're looking attic movements. what really jumps out to you? >> i'll tell you what, and i am totally serious about this. when i walked in, this is a little earlier than our regular time. people are walking around, taking care of issues from friday. people have come up and said i understand this is a little island with a gdp that's in fan tess mal. i'll tell you what, i'm kind of shocked that it made that jump. i understand that at a time where computerization allows every government on the planet to track and have say complete financial audit trail of everything anybody has, whether it's in this count
you can tax depositors or you could tax the entire country. which would have spread the pain among tax payers. they started to spike on the fear that this could lead to a contagion. we haven't seen bank lines in italy or spain, which was the fear. it certainly raised a lot of concerns. >> let's also bring in steve leaseman and rick santelli for more reaction. why don't you start off with your views with what you're hearing from people there when you're looking attic movements. what really...
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Mar 14, 2013
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doing because the way she raises revenue is not by raising tax rates, but closing tax loopholes and things like that. neil: i liked a lot of she said because it wasot across the board rate increased, and i do like what i saw in the paul ryan because i finally read his thing today. defense cuts in there -- >> the problem -- neil: he's limiting the growth in even something for republicanwhich is their entitlement, if you will, defense. i think between the two maybe the hope. >> there's got to be hope, extreme grand bargain and they meet in the middle. at the end of the day, president obama has eye on history, and he knows his legacy, he needs to get to deficit reduction. we know not all spending is created equal, some is dreadful, needs to go, cobin is good on wast-- neil: came up with $4 00 billion in defense. >> spend more in america than ten countries in combinedded. neil: america, we need you. >> it's not america's job to be -- neil: really? winston churchill, would be hard because he's dead, but you know what i mean. >> i do, but fundamentally, maybe they can meet in the middle b
doing because the way she raises revenue is not by raising tax rates, but closing tax loopholes and things like that. neil: i liked a lot of she said because it wasot across the board rate increased, and i do like what i saw in the paul ryan because i finally read his thing today. defense cuts in there -- >> the problem -- neil: he's limiting the growth in even something for republicanwhich is their entitlement, if you will, defense. i think between the two maybe the hope. >>...
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Mar 20, 2013
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in fact, you heard about plan a which was to tax deposits. now we have heard that plan b has been rejected by the troika as well. cyprus government said to the troika, their european partners who they want them to lend money to, they said to them, listen, instead of taxing deposits why don't we do this instead. we have a pension fund, we'll raid it, take the cash, turn it into bond and we'll pay it back over time. the troika said that doesn't do anything for you. you still have liabilities. then they said we're also going it try to sell one of the bad banks. and the fact of the matter is if the bad bank were sellable, people like chris flowers and wilbur ross and tim collins would have been here a long time trying to buy it. they said maybe we'll split it up, divide it into the good bank and bad bank. we'll sell the good bank to the russians and the troika said selling the good bank is the easy part. what are you going to do with the bad bank? none of that is going to work. you will hear more about what the hopes are for russia from steve in
in fact, you heard about plan a which was to tax deposits. now we have heard that plan b has been rejected by the troika as well. cyprus government said to the troika, their european partners who they want them to lend money to, they said to them, listen, instead of taxing deposits why don't we do this instead. we have a pension fund, we'll raid it, take the cash, turn it into bond and we'll pay it back over time. the troika said that doesn't do anything for you. you still have liabilities....
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Mar 20, 2013
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bank when they basically tell them -- cyprus that is, we think there's going to be a need for you to tax the depositors, i don't think that dog hunts. so if they address it at all i think they'll say that that's a bad way to approach it. i think. >> this is going to come to a head in a couple hours from now. stay tuned for our special coverage of the fed decision at 2:00 p.m. this afternoon. let's go to josh lipton. he's on the market desk for us as usual. >> hey, scott, the airlines are flying higher. now up 29% this year versus a 9% gain for the s&p 500. some big moves this year. delta rocketing up 41%. united up 37%. u.s. airways surging 25%. scott, back to you. >> guys, let's go around the horn a little bit on the airlines. the stocks have been a complete turn around story as much in performance as well as sentiment. murph, sentiment is amazing. >> absolutely. about a month ago we had this discussion on the show and i said i'd stay away from the airlines. i just booked a trip, i'm taking my family away tomorrow. the prices that the airlines are getting, they'll continue to get that p
bank when they basically tell them -- cyprus that is, we think there's going to be a need for you to tax the depositors, i don't think that dog hunts. so if they address it at all i think they'll say that that's a bad way to approach it. i think. >> this is going to come to a head in a couple hours from now. stay tuned for our special coverage of the fed decision at 2:00 p.m. this afternoon. let's go to josh lipton. he's on the market desk for us as usual. >> hey, scott, the...
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Mar 21, 2013
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and "tax pain." congressman john garamendi and how to keep people from fleeing high taxes in his state, the golden state. part four of our series is ahead. >> 25 minutes past the hour. this is your fox news minute. the house passed a senate approved stopgap spending bill to continue to fund the government for six more months. measure passed on a bipartisan 318-119 votes. stopping the shutdown until at least september 30. the bill will go to the president to be signed into law. president obama urging palestinians and israelis resume their peace negotiations while meeting with palestinian president, president obama refused to endorse because t thy and call for settlement freeze. houston is one to stop israeli housing on the stake as a condition for restarting the peace talks. in warning islamic republic will destroy the cities of tel aviv if they are attacked. israel threatened action against iran if it continues its nuclear development activities. they said iran has a national right to enrich uranium.
and "tax pain." congressman john garamendi and how to keep people from fleeing high taxes in his state, the golden state. part four of our series is ahead. >> 25 minutes past the hour. this is your fox news minute. the house passed a senate approved stopgap spending bill to continue to fund the government for six more months. measure passed on a bipartisan 318-119 votes. stopping the shutdown until at least september 30. the bill will go to the president to be signed into law....
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Mar 15, 2013
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dagen: colorado's marijuana tax bores issuing recommendations this week. voters approved this measure back in november. we have a former dea administrator and member of the amendment this 64 task force with us. the world you are laying out, is it really to keep the federal, the fed away from the state and keep the dea from and forcing the and federal drug law? >> thank you for having me, first. the primary goal of what we are doing is to allow adult 21 years and older access to regulated and controlled marijuana. obviously the recommendations have been put into account. the concern that our government has expressed about teenage use and the movement of marijuana outside the state of colorado. that was certainly in our minds. the focus was on what the will of the voters was. dagen: these are just rules. ultimately, will this go to a vote, christian, later in the year to decide exactly how the law is implemented? >> there are recommendations that are being given to our legislature. dagen: peter, what you know about these recommendations and these rules laid
dagen: colorado's marijuana tax bores issuing recommendations this week. voters approved this measure back in november. we have a former dea administrator and member of the amendment this 64 task force with us. the world you are laying out, is it really to keep the federal, the fed away from the state and keep the dea from and forcing the and federal drug law? >> thank you for having me, first. the primary goal of what we are doing is to allow adult 21 years and older access to regulated...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ...amelia... neil and buzz: for teaching us that you can't create the fute... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-a
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ...amelia... neil and buzz: for teaching us that you can't create the fute... by clinging to the past. and with that: you're history. instead of looking behind... delta...
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98
Mar 20, 2013
03/13
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FBC
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what could stop congress from passing a tax? >> the u.s. learned its lesson 80 years ago in the middle of the depression when there were runs on banks back then. that is when they created the fdic. it is a constant reminder that it is a huge problem to have losses for small depositors and it will not happen in this country. the fdic is strong. the full faith and credit of the united states stands behind that. charles: if we had a real crisis to the magnitude of what cyprus is seeing and there is just not enough money in the agency to back this, it is just hard to argue that there would not be desperate measures. is it not possible for the federal government tuesday this is an emergency and reach into people's savings account. >> let's back up, charles, and look at what happened in the last crisis. 465 date failures. very little people notice that. even if you are in a bank that failed. money. that fund is back up at $25 billion. the industry paying 12.5 billion. the fdic has a line of credit. if there is a worse problem we would do one of t
what could stop congress from passing a tax? >> the u.s. learned its lesson 80 years ago in the middle of the depression when there were runs on banks back then. that is when they created the fdic. it is a constant reminder that it is a huge problem to have losses for small depositors and it will not happen in this country. the fdic is strong. the full faith and credit of the united states stands behind that. charles: if we had a real crisis to the magnitude of what cyprus is seeing and...
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127
Mar 21, 2013
03/13
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CNBC
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the president, congress, they decided to raise taxes on the wealthy, put through a payroll tax increase, entitlements. we've got two out of three going. we had the president and congress raising taxes on the wealthy. i don't think bernanke wants to be the fed of 1937 because the recession came back aggressively and it was only world war ii that made the hiring come back. he doesn't want to be the guy -- he'd rather be second-guessed by all the bears who come on and say he's got to tighten because my short positions aren't making any money. he's not responding to the people who are short. he's actually responding to the american people. old-fashioned kind of guy. >> in terms of the reaction in the markets after the ben bernanke news conference, was that surprising at all that, for whatever reason, for whatever he said, the markets managed to rise and actually reached the highs of the day afterwards? >> i think there were a lot of people who expected that he would put in some language that just says, we're not going to keep rates low indefinitely because we see real estate, affordability
the president, congress, they decided to raise taxes on the wealthy, put through a payroll tax increase, entitlements. we've got two out of three going. we had the president and congress raising taxes on the wealthy. i don't think bernanke wants to be the fed of 1937 because the recession came back aggressively and it was only world war ii that made the hiring come back. he doesn't want to be the guy -- he'd rather be second-guessed by all the bears who come on and say he's got to tighten...
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211
Mar 20, 2013
03/13
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CNBC
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> welcome >>> welcome back to "squawk box." the futures right now are moving around a little. up about 87 points, which would get back some of the problems we had on monday and tuesday. is today wednesday? >> today is wednesday. first day of spring. >> 7:02, awesome. winter went fast. >> didn't it? >> we have the music too. >> we do. >> the weather -- the winter weather's not over yet. sorry to say. >> you heard what i told you. >> yeah. >> you think it's global warming. >> global warming. >> because it's cold. it must be global warming. >> real estate company just out -- >> going against the religion, get in trouble with who? the "new york times." go ahead. >> just out with the wint
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> welcome >>> welcome back to "squawk box." the futures right now are moving around a little. up about 87 points, which would get back...